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  • Posted: Mar 30, 2021
    Deadline: Not specified
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    Santam Limited is the largest short-term insurer in South Africa, with a market share in excess of 22%, providing short-term insurance products through broker networks and direct sales channels. The company was established in 1918 and offers personal, commercial, and corporate insurance solutions. Santam is a subsidiary of Sanlam Limited and has been listed ...
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    Manager: Underwriting Analytics

    What will you do?

    • Santam’s Personal Lines Underwriting Business Unit has a vacancy for a Manager: Underwriting Analytics who will report to the Manager: Rating, Analysis and Reporting. The successful incumbent will be based in Cape Town, Bellville.

    What will make you successful in this role?

    Profit & growth

    • Responsible for the analysis of profit and growth, and manage interventions through price adjustments and other underwriting initiatives. This is across all Personal Lines distribution channels through proactive trend analysis.
    • Ownership, initiation, implementation and monitoring of corrective action for Profit and Growth
    • Focuses on commercially viable solutions.
    • Drive various process automations and efficiencies.

    Leadership

    • Lead a team of Underwriting Analysts
    • Translates and shares the direction, purpose and strategic goals in order to ensure alignment.
    • Influences/motivates others to translate the vision into action.
    • Identifies barriers to execute strategy and seeks to remove these barriers
    • Collectively develop high-level plans and sub-target plans for the team
    • Ensures appropriate skills, tools and organization of work to allow for effective delivery.

    Relationships

    • Relationship owner with Actuarial and Product Development in terms of Santam’s Personal Lines Pricing Strategy and maintenance of product range to remain competitive.
    • Manage relationships with internal and external business partners – provide pricing and underwriting knowledge and expertise where required.
    • Engagement with IT – Management Information (MI) in order to ensure continuous improvement of both the processes and systems as required.

    Analytics

    • Performance analysis of data and identification of corrective actions.
    • Analyse and build statistical models for various sets of data on a regular basis to assist in determining business trends. This includes forecasting models
    • Predictive Underwriting model design and implementation
    • Monitor results of all action plans and effectiveness of plans implemented (Eg. Review of effectiveness, Screening rules, book take-on’s, or other initiatives)
    • Data quality control and data management
    • Drive IT logs and engagement
    • Primary analytical support to internal divisions (Risk Services and Broker Services)

    Qualification and Experience

    • Bachelor’s Degree - applicable major preferred (Statistics/Applied Math,)
    • Experience in personal lines underwriting systems and data management
    • Minimum 5-8 years experience operating at a senior/management level
    • Minimum 5-8 years’ experience managing the BU portfolio and delivering solutions to the respective BU’s
    • Minimum of 3- 5 years strong Data Management experience

    Knowledge and Skills

    • Short-term insurance industry knowledge
    • Underwriting and financial concepts
    • Knowledge of Personal Lines Underwriting pricing and underwriting systems advantageous
    • Strong data science skills
    • Relevant Computer programming skills
    • Advanced Excel
    • Underwriting
    • Guidewire
    • Business Objects
    • Qlikview
    • Qliksense
    • Microsoft Cognos
    • DHIC (DataHub InfoCenter)
    • Attention to detail
    • Analytical orientation
    • Systems thinking
    • Navigating ambiguity
    • Effective communication
    • Strategic Risk Management
    • Strategic Planning and Implementation

    Competencies

    • Drives Results
    • Cultivates Innovation
    • Client Focus
    • Flexible and Adaptable
    • Collaborates
    • Interpersonal Savvy
    • Decision Quality
    • Plans and aligns
    • Optimizes Work Processes
    • Change Management
    • Project Oversight
    • Reporting and Administration
    • Quality and Compliance

    Method of Application

    Interested and qualified? Go to Santam Insurance on careers.sanlamcloud.co.za to apply

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